Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Phemex against Bitget+0.007%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.007%, 7d avg +0.017%

Together, before fees−0.258%−$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,769.9	0	get 0.0000% / 8h	2h 11m	$49.6M	$171.3M	75x
Short	Phemex SNDKUSDT	1,770	0	get 0.0000% / 8h	2h 11m	$2.8M	$944K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.017%: −$0.95
Slippage, 4 orders: −$41.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$66.71
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; Phemex: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 7 min ago	0.23 bp	8.2 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.90 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SNDK_USDC-PERPETUAL	−0.0196%	1h	1,770.2	+0.019%	$49K	$230K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,769.9	+0.001%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.7	−0.009%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,769.1	−0.045%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,770.2	+0.015%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.4	+0.027%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.9	−0.003%	$286.8M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.7	−0.012%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.9	0.000%	$87.8M	$847.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.9	+0.054%	$162K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,770.2	+0.015%	$183.4M	$245.0M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,769.9	long leg	$49.6M	$171.3M	75x
Variational Omni SNDK	0.0000%	8h	1,769.3	−0.035%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,769.2	−0.040%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.2	+0.019%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.7	−0.012%	$825	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.5	−0.023%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,770	+0.007%	$2.8M	$944K	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,769.7	−0.010%	$681	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.1	+0.067%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.5	+0.036%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770	+0.006%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.698%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.021%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0042%	1h	1,769.7	−0.011%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.4	+0.028%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.6	−0.017%	$111.9M	$151.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.9	0.000%	$4.5M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.4	+0.028%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770	+0.006%	$724K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	−0.006%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.3	+0.024%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,770.8	+0.050%	$128K	$414K	20x	as long as short
Nado SNDK-PERP	+0.0073%	1h	1,770.6	+0.042%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.2	+0.018%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,770.2	+0.017%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,769.3	−0.035%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.7	−0.010%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.6	−0.018%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0283%	4h	1,769.4	−0.028%	$562K	$356K	10x	as long as short